Kuala lumpur: Petroliam Nasional Bhd’s subsidiary, Petronas LNG Ltd, has signed a 15-year sale and purchase agreement with Woodside Energy Trading Singapore Pte Ltd to supply one million tonnes per annum (Mtpa) liquefied natural gas (LNG) to Malaysia starting in 2028.

According to BERNAMA News Agency, Petronas stated that the LNG would be supplied from Woodside’s global portfolio, which may include volumes from the recently approved Louisiana LNG project in the United States. The agreement aims to bolster energy security in Peninsular Malaysia by integrating upstream gas developments with LNG imports.

Petronas LNG Marketing and Trading vice-president Shamsairi Ibrahim highlighted that the collaboration with Woodside ensures a reliable and flexible supply for Malaysia’s economy while enhancing its global portfolio to deliver energy responsibly and sustainably. Meanwhile, Woodside executive vice-president and chief commercial officer Mark Abbotsford noted that this long-term LNG supply agreement marks a strategic milestone, being the company’s first long-term LNG supply arrangement with Malaysia.

Furthermore, Abbotsford emphasized that the agreement demonstrates the strength and flexibility of Woodside’s diversified global portfolio, reinforcing its position as a trusted energy supplier in Asia, which supports long-term value creation and regional prosperity. Woodside and Petronas have a long-standing relationship, having previously worked together on exploration studies, research and development initiatives, and both spot and mid-term LNG transactions.